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$6,900,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1066735
Rental Info No
Annual Tax Amount $86,238
Property Sub-Type Retail
Source onekey2
Property Description
PRIME NORTHERN BOULEVARD INVESTMENT OPPORTUNITY – FOUR-BUILDING PACKAGE – $6,900,000
Excellent opportunity to acquire four adjoining commercial properties located at 164-03, 164-05, 164-07, and 164-09 Northern Boulevard, Flushing, NY 11358.
The package offers approximately 4,515 SF of land and 6,704 SF of building area, with R5B/C2-2 zoning. Ideally situated along Northern Boulevard, a well-established commercial corridor offering excellent visibility, strong neighborhood presence, and convenient access to shopping, restaurants, and transportation.
Currently generating approximately $304,428 in annual rental income, with additional upside potential from one vacant second-floor space at 164-07 Northern Boulevard. At an estimated monthly rent of $2,500 for the vacant space, potential annual rental income could reach approximately $334,428.
Annual property taxes: $86,238.
An attractive opportunity for investors seeking an income-producing commercial property portfolio with additional leasing potential in Flushing, Queens.
Asking Price: $6,900,000. All Four Properties Offered Together as One Package.
Excellent opportunity to acquire four adjoining commercial properties located at 164-03, 164-05, 164-07, and 164-09 Northern Boulevard, Flushing, NY 11358.
The package offers approximately 4,515 SF of land and 6,704 SF of building area, with R5B/C2-2 zoning. Ideally situated along Northern Boulevard, a well-established commercial corridor offering excellent visibility, strong neighborhood presence, and convenient access to shopping, restaurants, and transportation.
Currently generating approximately $304,428 in annual rental income, with additional upside potential from one vacant second-floor space at 164-07 Northern Boulevard. At an estimated monthly rent of $2,500 for the vacant space, potential annual rental income could reach approximately $334,428.
Annual property taxes: $86,238.
An attractive opportunity for investors seeking an income-producing commercial property portfolio with additional leasing potential in Flushing, Queens.
Asking Price: $6,900,000. All Four Properties Offered Together as One Package.
Location
State NY
County Queens
Rooms
Basement Finished
Interior
Heating Forced Air
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Available
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Queens 26
School District Queens 26
Others
Special Listing Condition None
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Listed by Apple Realty Group Corp • Raymond C. Wong
NEARBY SCHOOL & BUSINESS
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